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ASIA FX

Holiday Thinned Trade

FOREX

Market Holidays Limit Activity In Asia

EQUITIES

Market Closures Subdue Proceedings

OIL

Adds To Recent Gains

KOREA RATES

10-Year Auction Results

IDR

Rupiah Slips In Muted Trade

The UK DMO holds it's.....>

UK T-BILL AUCTION PREVIEW
UK T-BILL AUCTION PREVIEW: The UK DMO holds it's weekly bill tender on Friday,
looking to allot Stg4.0bln. 
Stg0.5bln in 1-month Mar 11 bills, Stg1.5bln in 3-month May 13 bills, and
Stg1.5bln 6-month
Aug 12 bills.
- HISTORY: For comparative purposes, the results of last weeks tender are below.
1-month bill: average yield 0.68%, cover 4.50x. 
3-month bill: average yield 0.75%, cover 2.56x.
6-month bill: average yield 0.79%, cover 2.06x. 
- BACKGROUND: The MPC voted unanimously to keep Bank Rate at 0.75% on Thursday,
also voting 9-0 to keep the stock of total asset purchases at stg445bn. The
output gap is currently judged as closed, however the weaker-near term outlook
is expected to result in a small margin of slack opening up in 2019. 
The short sterling strip was 0.5-1 tick higher across Thursday. 
- TIMING: Results are due shortly after the auction closes at 1100GMT.